Ka Shui International Holdings Limited provided earnings guidance for the year ended 31 December 2016. The board of directors of Ka Shui International Holdings Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries and the information currently available to the Company, the Group is expected to record a consolidated net profit for the financial year ended 31 December 2016, as compared to the audited consolidated net loss recorded for the year ended 31 December 2015. The reasons for resuming profit were mainly attributable to the factors of: increase in sales by approximately 10% to 20% as compared to the year ended 31 December 2015; and reversal of certain loss arising from settlements and fair value changes on forward foreign exchange contracts.